Real Estate

The Southern California housing market had its weakest January in three years, as higher prices, a smaller inventory and stiff lending rules combined to drive down sales in the six-county region. Sales were down 9.9 percent from January 2013, the fourth consecutive month that single-family home sales in the region …

With a recovering housing market comes higher-priced homes, and that can be a mixed blessing. On one hand, houses are worth more, so sellers make more money and owners have more equity in their homes. It also means that not as many people can afford to buy a home, as …

A San Diego developer has purchased a 430-acre site in Norco that has a history of of environmental problems attached to it. Lansing Companies bought the property for an undisclosed amount from Calcerf LLC, a consortium of six national banks, said Greg Lansing, the development company’s president and chief executive …

A San Francisco real estate developer will build its second logistics operation at the Meridian Industrial Park in Riverside. Newcastle Partners Inc. has bought a 25.7-acre parcel at 22200 Opportunity Way, where it will develop at 510,000-square-foot warehouse-distribution facility, said Phil Lombardo, executive vice president with Cushman & Wakefield Ontario. …

Panattoni Development Co. was recently named the Inland Empire’s Industrial Developer of the Year by NAIOP’s Inland chapter. The Newport Beach company was recognized for breaking ground last year on four projects that totaled 3.2 million square feet, and for finishing two speculative industrial properties in Rialto of approximately 373,000 …

Nationwide sales of existing homes rose slightly in December, lifting sales to their highest level in seven years. Sales increased to a seasonally adjusted annual rate of 4.87 million units last month, a one percent increase compared with November, according to the National Association of Realtors in Washington, D.C. Both …